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Guyana Bid Round: TotalEnergies consortium is sole bidder to receive Cabinet approval to date

The TotalEnergies consortium, which includes Qatar Energy and Petronas, is the only group that has so far been greenlighted by Guyana for a block off the country's coast. Guyana Vice President Bharrat Jagdeo said some of the other winners...

Omni is first company in Guyana to receive ‘Great Place To Work®’ certification

Omni Helicopters International said its operations in Guyana, through Omni Helicopters Guyana Inc (OHGI), have been Certified™ by San Francisco firm Great Place To Work®.  Great Place to Work Certification is a benchmark for recognizing outstanding employee experience. Every year,...

Guyana looking to have most vibrant, competitive and sustainable non-oil economy – Ali

President Irfaan Ali said Guyana aims to “have the most vibrant, competitive and sustainable non-oil economy” during his address at the 32nd Annual General Meeting (AGM) of the Private Sector Commission (PSC) at the Guyana Marriott Hotel on May...

U.S. EIA: Guyana is now the third fastest growing non-OPEC oil producer in the world

Guyana trails behind only the U.S. and Brazil as the fastest growing oil producers not part of the Organization of Petroleum Exporting Countries (OPEC). A new report from the U.S. Energy Information Administration (EIA) said the ranking was made because...

SBM Offshore Guyana launches prestigious Woman of Excellence Award

SBM Offshore Guyana said it launched the Woman of Excellence Award, as part of a collaboration with Cerulean Inc. and The Nico Consulting Inc. -  organisers of the 25 Influential Women Leaders Awards. This award aims to recognize and...

Guyana’s April oil output is second highest on record

Oil production offshore Guyana averaged 625,000 barrels per day (b/d) in April, with a monthly total of 18.76 million barrels, according to data published by the government. In both respects, April saw the second highest monthly on record after...

Hess facing three lawsuits over disclosures in Chevron deal

(Reuters) - Oil producer Hess (HES.N) on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron (CVX.N). Chevron last October offered to acquire Hess in a move to gain a foothold in...

Shell to conduct seismic survey on Trinidad blocks awarded last year

Shell Trinidad and Tobago announced that the PXGEO 2 survey vessel will mobilize from Chaguaramas to the East Coast Marine Area (ECMA) to conduct a 3D seismic survey across the deepwater Blocks 25a, 25b and 27. The company announced the...

TotalEnergies-led group makes investment decision on 70,000 b/d Angola deepwater project

TotalEnergies has announced the final investment decision (FID) on the Kaminho deepwater project in Angola’s Block 20/11, pursued in collaboration with Petronas and Sonangol. It said the FID was made possible due to a close collaboration with the concessionaire...

Petronas’ Block 52 tax holiday could see first Suriname gas project by 2031 – Rystad Energy

Norway’s Rystad Energy sees Suriname’s first standalone gas project potentially materializing as early as 2031, at the Petronas-operated Block 52.  Aiding the Block 52 operator is the 10-year tax break it got from the South American nation in a recent...

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MODEC launches new offshore training intake for Guyanese technical graduates

MODEC has launched a new intake for its Offshore Technical Trainee Program in Guyana. This initiative follows the launch...